GLG News by LNG Experts

OAO Gazprom, Qatar Liquefied Gas Company and National Iraniann Oil company plan a joint venture for South Pars field. Each to own 30% of the project with CNPC or Korean Kogas as a 10% trading partner. South Pars gas will travel to Ras Laffan by pipeline under the Persian Gulf where it will be processed...

Australia has taken coal serious by passing the Australian Offshore Petroleum Amendment Bill, regulating carbon dioxide capture and storage (CCS).  Australian Production & Exploration Association (APPEA) has fought for this bill in order to protect the property rights of existing petroleum...

The Mexican cross-border pilot program is slipping into nowhere land - and it will continue to cost us money. Nobody says much about the program with our number one trading partner - Canada. They certainly do about our number two partner - Mexico. But it is not about business - it’s politics!

Arie Vliegenthart reported in the November 10 issue of the Oil & Gas Journal that swelling elastomers could succeed cement in the completion of oil and gas wells. Cement is the long-standing and traditional way of sealing the casing against the wall of the drilled hole. But it is expensive, time-consuming...

The most forecast downturn in petrochemical margins in recent history looks to have finally arrived - 3 years later than industry pundits originally expected.  Like refining, petrochemicals margins have always been cyclical, as optimism led to capacity overbuilds during the good times.  Now...

Oil & Gas Journal reports that Gazprom plans to form a joint venture with Qatar Liquefied Gas Co.,Ltd. and the National Iranian Oil Co. for gas production in the Iranian South Paris field and liquefy the gas in Qatar at the Las Raffan site.  The gas would be piped from Iran across the Persian...

Jad Mouawad reported in the November 16 issue of the New York Times that the oil industry has profited from six years of rising crude prices. Rex Tillerson, CEO of Exxon Mobil (XOM) said that their competitive advantage is greater in a low oil price environment. Still, XOM faces several political dangers...

A threatening statement by Prime Minister Putin with regard to Nord Stream has to be taken seriously. The cumulative opposition by Poland, Lithuania and Estonia is becoming expensive as it induces delays. The environmental impact investigation is basically a ploy.  The financial crisis now limits...

The grandiose Nord Stream pipe line project, connecting Russia via two Baltic underwater pipe lines with Germany has been delayed due to increased construction costs, lack of sufficient gas capacity and lack of financing.  Of course, Putin will not admit any Russian problems but puts the blame...

    The most recent Surface Transportation Board Rate Case filed by Oklahoma Gas & Electric (OG&E) against the Union Pacific Railroad (UP) for coal transportation from the Powder River Basin to the Muskogee coal plant actually shows the attractiveness of this move to the...